Mastercard has launched its first office in Accra, Ghana, signaling its commitment to the region’s growing digital economy.
Why it matters
The move aims to deepen relationships with stakeholders, foster inclusive growth, and provide innovative financial solutions tailored to the Ghanaian market.
What they’re saying
- “Opening our office in Ghana marks an important milestone in our commitment to deepening relationships across the region. Our growth strategy for West Africa is ambitious, and establishing a formal presence here allows us to better serve the specific needs of our customers.” – Mark Elliott, Division President for Africa, Mastercard
- “Ghana presents a tremendous opportunity for Mastercard to enhance its geographical presence. We remain committed to fostering an ecosystem that contributes positively to the local economy and technological advancement.” – Folasade Femi-Lawal, Country Manager and Area Business Head, West Africa, Mastercard
Zoom out
Ghana’s economic strides, with a 2023 GDP per capita of $2,238 and growth in sectors like digital infrastructure and fintech, make it an attractive market.
Driving the news
Mastercard’s presence in Ghana is more than a physical office:
- Partnerships: Collaborations with fintechs like Kalabash, KaiOS, and Smile ID, and financial institutions like Access Bank and Fidelity Bank, are driving financial inclusion and digital transformation.
- Innovation forums: Initiatives like the Mastercard Fintech Forum and Fraud and Cyber Resilience Forum foster dialogue and address challenges in Ghana’s financial sector.
The big picture
With offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, Mauritius, and now Accra, Mastercard is reinforcing its commitment to a connected and inclusive digital economy across Africa.
Source: Tech Africa News
